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When cash is paid it is recorded on the credit left side of the cash book.
Simple cash book questions and answers. Started business with cash rs. Sohara puts her cash receipts in a till and enters them into her three column cash book each week. Christina ogochukwu on january 25 2020 at 2 14 pm.
It is very identical to a traditional cash account in which all cash receipts are recorded on left hand debit side and all cash payments are recorded on right hand credit side in a chronological order. Cash book is a book of original entry. I need a well compreshesived solve question on 3 column cash book errors that affect the agreement to the trial balance and questions and problems solved i will be very greatful thanks.
At the end of the period both the sides are balanced. Paid to naima kayani rs. She offers a cash discount of 3 to her debtors for payment within 15 days.
If you have already found the problem you can skip this part. 1 700 on cash and rs. Three column cash book.
Balancing of a simple cash book. This page contains solutions to simple cash book numerical questions for the chapter 4 recording of transactions ii. She buys stock in bulk from apollo for cash and receives trade discount of 5 for orders in excess of 1000.
Purchased merchandising for cash rs. Enter the following transactions in a single column cash book of mr. Two column cash book.
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